2184 BUSQOM 107O SEC1030 OPERATIONS MANAGEMENT Megan Shearson & 3/18/18 7:18 PM

Question

2184 BUSQOM 107O SEC1030 OPERATIONS MANAGEMENT Megan Shearson & 3/18/18 7:18 PM Homework: HW-CH11 Score: 0 of 1 pt Problem 11.5 Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested Save 2 of 3 (0 complete) HW Score: 0%, 0 of 3 p Question Help inventory Baker Mfg. Inc Net Revenue Cost of sales Inventory Total assets $27,500 $22,190 $1,250 $16.270 a) What is Baker's inventory turnover?times per year (round your response to two decimal places)

Explanation / Answer

a) Cost of goods sold = $22190

Inventory = $1250

Baker's inventory turnover = cost of goods sold /inventory

= 22190/1250

= 17.75 times

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